😀 Binance Coin (BNB): New Co-CEO, Hacked WeChat, and a Pump-and-Dump Scheme
Market Capitalization: $122.5B.
BNB is the heart of the Binance ecosystem, the fuel for the world's largest crypto exchange. And when the heart beats – news pours in like a flood!
🟡 Hot news of the day: The WeChat account of Binance's new co-CEO Yi He was hacked! Hackers used it to promote the memecoin MUBARA – a classic pump-and-dump scheme.
How it went down❕
🗣The hack occurred late on December 9th through an old phone number linked to an abandoned account.
🗣Hackers created two new wallets and bought 21.16M MUBARA tokens for 19,479 USDT approximately 7 hours before posting the "recommendation."
🗣When the post from Yi He's account spread, the token skyrocketed from $0.001 to $0.008 in minutes – a 700% surge!
🗣After the pump, the attackers sold part of their position – 11.95M tokens for 43,520 USDT. Including the remaining 9.21M tokens (~$31,000) still in wallets, total profit from the scheme was approximately $55,000.
🗣Binance founder CZ warned users to ignore such messages and reminded everyone about the weak security of Web2 platforms. Yi He confirmed the hack and stated that recovering access to the account is impossible.
🗣On a positive note: Yi He was appointed co-CEO of Binance last week at Binance Blockchain Week – this is the first major leadership change since CZ's departure in 2023. Analysts expect BNB could return to the $1,000 mark amid ecosystem growth.
Trade Guidelines:📈 📉
📈 Consolidation above $920 – path to $1,000 is open.
📉 Breakdown below $850 – risk of correction to $800.
Conclusion:
The hacking incident is an excellent reminder that even top crypto exchange executives are vulnerable through old Web2 accounts. For BNB, this is more noise than a fundamental problem. The token remains one of the most reliable assets in the crypto space, and Yi He's appointment as co-CEO could give new momentum to ecosystem development.
📈 Open trade with $BNB
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